Tuesday, April 19, 2011

18th-April-2011–Pack some Chinese cooking on the way home!

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

18.00

 

 

 

16.09

 

 

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

  1. Daily and weekly charts show that price has punched through the upper trend line.
  2. Daily chart is now above 20MA line.
  3. MACD and RSI are indicating positive climb.
  4. Intraday suddenly shows strong buying interest.

 

Lesson Learnt:

 

  1. It is Friday when I made this purchase, there could be quite a number of sellers standing at the side waiting to sell. So I set at $18.00 and managed to get it, instead of chasing the price much higher.

 

Intraday Chart

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Historical Chart

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